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Gates Industrial Corp

GTESNYSE
$17.23
-0.06-0.35%
Pre-Market: Jul 19, 4:44 PM EDT
15 minutes delayed
Q2 2024 Earnings in 9 days from now on Wed Jul 31st, before the market open
Consensus Rating1
Buy
Highest Price Target1
$26.00
Lowest Price Target1
$13.00
Consensus Price Target1
$17.85

Gates Industrial Corp (NYSE:GTES) Stock, Analyst Ratings, Price Targets, Forecasts

Gates Industrial Corp PLC has a consensus price target of $17.85 based on the ratings of 13 analysts. The high is $26 issued by Baird on May 2, 2024. The low is $13 issued by Keybanc on October 14, 2022. The 3 most-recent analyst ratings were released by Barclays, Baird, and Goldman Sachs on June 4, 2024, May 2, 2024, and April 16, 2024, respectively. With an average price target of $20 between Barclays, Baird, and Goldman Sachs, there's an implied 16.08% upside for Gates Industrial Corp PLC from these most-recent analyst ratings.

Analyst Trends and Forecast
1
Feb
2
2
Mar
1
Apr
1
May
1
Jun
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
2.8
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Barclays
Baird
Goldman Sachs
Citigroup
Keybanc

1calculated from analyst ratings

Analyst Ratings for Gates Industrial Corp

Buy NowGet Alert
06/04/2024Buy Now-7.14%Barclays
Julian Mitchell
$17 → $16MaintainsEqual-WeightGet Alert
05/02/2024Buy Now50.9%Baird
Michael Halloran
$25 → $26MaintainsOutperformGet Alert
04/16/2024Buy Now4.47%Goldman Sachs
Jerry Revich
$16 → $18MaintainsNeutralGet Alert
04/08/2024Buy Now16.08%Citigroup
Andrew Kaplowitz
$17 → $20MaintainsBuyGet Alert
03/12/2024Buy Now-7.14%Goldman Sachs
Jerry Revich
$14 → $16MaintainsNeutralGet Alert
03/12/2024Buy Now21.88%Keybanc
Jeffrey Hammond
$18 → $21MaintainsOverweightGet Alert
03/12/2024Buy Now-1.33%Barclays
Julian Mitchell
$15 → $17MaintainsEqual-WeightGet Alert
03/08/2024Buy Now16.08%Wolfe Research
Nigel Coe
→ $20UpgradePeer Perform → OutperformGet Alert
02/29/2024Buy Now21.88%Jefferies
Stephen Volkmann
→ $21Initiates → BuyGet Alert
02/22/2024Buy Now4.47%Keybanc
Jeffrey Hammond
→ $18UpgradeSector Weight → OverweightGet Alert
02/20/2024Buy Now-18.75%Evercore ISI Group
David Raso
$12.5 → $14MaintainsIn-LineGet Alert
07/12/2023Buy Now-12.94%Morgan Stanley
Joshua Pokrzywinski
$15 → $15ReiteratesEqual-Weight → Equal-WeightGet Alert
06/20/2023Buy Now-15.84%Goldman Sachs
Jerry Revich
$15.5 → $14.5DowngradeBuy → NeutralGet Alert
05/09/2023Buy Now-18.75%Evercore ISI Group
David Raso
$15 → $14MaintainsIn-LineGet Alert
05/08/2023Buy Now4.47%UBS
Damian Karas
$16 → $18MaintainsBuyGet Alert
05/05/2023Buy Now-12.94%Morgan Stanley
Joshua Pokrzywinski
$14 → $15MaintainsEqual-WeightGet Alert
05/05/2023Buy Now-7.14%Credit Suisse
Jamie Cook
$15 → $16MaintainsNeutralGet Alert
05/05/2023Buy Now10.27%Baird
Michael Halloran
$18 → $19MaintainsOutperformGet Alert
02/13/2023Buy Now-12.94%Credit Suisse
Jamie Cook
$14 → $15MaintainsNeutralGet Alert
02/10/2023Buy Now-10.04%Goldman Sachs
Jerry Revich
$13.5 → $15.5MaintainsBuyGet Alert
02/10/2023Buy Now-1.33%Citigroup
Andrew Kaplowitz
$14 → $17MaintainsBuyGet Alert
02/10/2023Buy Now-12.94%Barclays
Julian Mitchell
$13 → $15MaintainsEqual-WeightGet Alert
02/10/2023Buy Now-18.75%RBC Capital
Deane Dray
$12 → $14MaintainsSector PerformGet Alert
02/10/2023Buy Now-18.75%Morgan Stanley
Joshua Pokrzywinski
$11 → $14MaintainsEqual-WeightGet Alert
02/10/2023Buy Now4.47%Baird
Michael Halloran
$14 → $18MaintainsOutperformGet Alert
02/10/2023Buy NowKeybanc
Jeffrey Hammond
DowngradeOverweight → Sector WeightGet Alert
01/23/2023Buy Now-21.65%Goldman Sachs
Jerry Revich
$12 → $13.5MaintainsBuyGet Alert
12/09/2022Buy Now-18.75%Citigroup
Andrew Kaplowitz
$13 → $14MaintainsBuyGet Alert
11/07/2022Buy Now-18.75%Credit Suisse
Jamie Cook
$13 → $14MaintainsNeutralGet Alert
10/14/2022Buy Now-24.55%Goldman Sachs
Jerry Revich
$15 → $13MaintainsBuyGet Alert
10/14/2022Buy Now-24.55%Keybanc
Steve Barger
$15 → $13MaintainsOverweightGet Alert
10/12/2022Buy Now-36.16%Morgan Stanley
Joshua Pokrzywinski
$13 → $11MaintainsEqual-WeightGet Alert
10/03/2022Buy Now-24.55%Barclays
Julian Mitchell
$14 → $13MaintainsEqual-WeightGet Alert
08/11/2022Buy Now-21.65%Evercore ISI Group
David Raso
$15 → $13.5DowngradeOutperform → In-LineGet Alert
08/08/2022Buy Now-36.16%RBC Capital
Deane Dray
$12 → $11MaintainsSector PerformGet Alert
08/08/2022Buy Now-18.75%Citigroup
Andrew Kaplowitz
$15 → $14MaintainsBuyGet Alert
07/12/2022Buy Now-12.94%Keybanc
Steve Barger
$18 → $15MaintainsOverweightGet Alert
07/08/2022Buy Now-18.75%Barclays
Julian Mitchell
$15 → $14MaintainsEqual-WeightGet Alert
06/23/2022Buy Now-12.94%Goldman Sachs
Jerry Revich
$17 → $15MaintainsBuyGet Alert
06/01/2022Buy Now-18.75%RBC Capital
Deane Dray
$17 → $14DowngradeOutperform → Sector PerformGet Alert
05/31/2022Buy Now-24.55%Morgan Stanley
Joshua Pokrzywinski
$15 → $13MaintainsEqual-WeightGet Alert
05/05/2022Buy Now-1.33%Citigroup
Andrew Kaplowitz
$19 → $17MaintainsBuyGet Alert
05/05/2022Buy Now-12.94%Morgan Stanley
Joshua Pokrzywinski
$16 → $15MaintainsEqual-WeightGet Alert
05/05/2022Buy Now4.47%Keybanc
Jeffrey Hammond
$20 → $18MaintainsOverweightGet Alert
04/07/2022Buy Now-7.14%Morgan Stanley
Joshua Pokrzywinski
$17 → $16MaintainsEqual-WeightGet Alert
04/06/2022Buy NowWolfe Research
Nigel Coe
DowngradeOutperform → Peer PerformGet Alert
04/04/2022Buy Now-7.14%Barclays
Julian Mitchell
$17 → $16MaintainsEqual-WeightGet Alert
02/08/2022Buy Now-1.33%Morgan Stanley
Joshua Pokrzywinski
$18 → $17MaintainsEqual-WeightGet Alert
02/08/2022Buy Now16.08%Keybanc
Jeffrey Hammond
$22 → $20MaintainsOverweightGet Alert
01/14/2022Buy Now4.47%Morgan Stanley
Joshua Pokrzywinski
$19 → $18MaintainsEqual-WeightGet Alert
12/06/2021Buy Now4.47%Barclays
Julian Mitchell
DowngradeOverweight → Equal-WeightGet Alert
11/09/2021Buy Now21.88%RBC Capital
Deane Dray
MaintainsOutperformGet Alert
10/07/2021Buy Now10.27%Morgan Stanley
Joshua Pokrzywinski
MaintainsEqual-WeightGet Alert
08/10/2021Buy Now27.68%Credit Suisse
Jamie Cook
MaintainsNeutralGet Alert

FAQ

Q

What is the target price for Gates Industrial Corp (GTES) stock?

A

The latest price target for Gates Industrial Corp (NYSE:GTES) was reported by Barclays on June 4, 2024. The analyst firm set a price target for $16.00 expecting GTES to fall to within 12 months (a possible -7.14% downside). 11 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Gates Industrial Corp (GTES)?

A

The latest analyst rating for Gates Industrial Corp (NYSE:GTES) was provided by Barclays, and Gates Industrial Corp maintained their equal-weight rating.

Q

When was the last upgrade for Gates Industrial Corp (GTES)?

A

The last upgrade for Gates Industrial Corp PLC happened on March 8, 2024 when Wolfe Research raised their price target to $20. Wolfe Research previously had a peer perform for Gates Industrial Corp PLC.

Q

When was the last downgrade for Gates Industrial Corp (GTES)?

A

The last downgrade for Gates Industrial Corp PLC happened on June 20, 2023 when Goldman Sachs changed their price target from $15.5 to $14.5 for Gates Industrial Corp PLC.

Q

When is the next analyst rating going to be posted or updated for Gates Industrial Corp (GTES)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Gates Industrial Corp, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Gates Industrial Corp was filed on June 4, 2024 so you should expect the next rating to be made available sometime around June 4, 2025.

Q

Is the Analyst Rating Gates Industrial Corp (GTES) correct?

A

While ratings are subjective and will change, the latest Gates Industrial Corp (GTES) rating was a maintained with a price target of $17.00 to $16.00. The current price Gates Industrial Corp (GTES) is trading at is $17.23, which is out of the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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